Former Coinbase Ventures member: Base token initial market capitalization may be about US$20 billion, token features or similar ETH

PANews September 19th news, according to the latest interview report of Unchained, Coinbase's L2 project Base announced that it is exploring the possibility of issuing tokens, a move marks a major change in Base's position that has never planned to issue tokens. Ryan Ye, a former member of Coinbase Ventures, predicts that the initial market capitalization of Base tokens may be about $20 billion and has the potential to rise to $40 billion to $50 billion. He believes that token issuance will significantly promote the development of the Base ecosystem and attract more developers and users. Ryan speculates that token allocation may include: 20%-40% to Coinbase, about 20% to be used in independent community vaults, and the rest is allocated to the community through airdrops or public sales. He also pointed out that the Base token feature or Ethereum-like ETH is partly used for on-chain fee combustion and may also become the core liquidity asset of DeFi. In addition, Base has been integrated with Solana on the testnet. Ryan believes this shows that Base acknowledges Solana as its biggest competitor and attracts developers through the move. He pointed out that the competition between Base and Solana is mainly focused on user culture and DeFi liquidity, which is more inclined to DeFi liquidity, while Solana has the advantage in user experience and consumer culture. Related Reading: I have reiterated many times that I did not issue coins, why has Base regretted it now?